Maltec Corporation has started placing its quarterly financial statements on its web page, thereby reducing by 10 days the time to get information to investors and creditors. The qualitative concept improved is:
A) Comparability.
B) Consistency.
C) Timeliness.
D) Faithful representation.

Question

Quizplus · Accepted Answer

Timeliness has improved as there has been a reduction in the time taken to provide financial information to investors and creditors. Comparability and consistency are not relevant in this context. Faithful representation refers to financial statements that are complete, neutral, and free from error, which is not directly related to the improvement mentioned in the scenario.

Maltec Corporation Has Started Placing Its Quarterly Financial Statements on Its